Okta weekly recap: Q2 revenue $805M; guidance lifted, analysts downgrade
Okta (OKTA) reported Q2 FY27 revenue of $805M versus expectations, lifted FY27 guidance, and saw analyst downgrades including a Bernstein cut to Market Perform. The week also included ETF-driven selling after a rally and board changes, including Helen Riley replacing someone on the board.
Okta, Inc. Class A (NASDAQ:OKTA) said Q2 FY27 revenue was $805M, topping expectations, and raised FY27 guidance as demand increased for Workforce Identity Cloud, Auth0 for AI Agents and Identity Threat Protection. The company also faced analyst cuts and ETF-driven selling after a rally, while the board saw changes including Helen Riley replac…